FATF SAYS GOVERNMENTS SHOULD ADDRESS WEAK AML RESPONSES TO ENVIRONMENTAL CRIME, RIGHT-WING TERROR AND WEAPONS PROLIFERATION
June 1st, 2021
The Financial Action Task Force (FATF) has released three detailed reports targeting sometimes weak performances of AML bodies in fighting illicit money flows linked to environmental crime; the proliferation of weapons of mass destruction; and extreme right-wing (often ethnically-based) terrorism.
FATF was particularly critical of actions combating the laundering of environmental crime proceeds, noting that these amounted to USD110 billion to USD281 billion annually, from illegal extraction and trade of forestry and minerals to illegal land clearance and waste ...
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